Patriot Growth Insurance Services Raises Additional Capital to Support Continued Growth

FORT WASHINGTON, Pa.–(BUSINESS WIRE)–Patriot Growth Insurance Services, LLC (“Patriot” or the “Company”), one of the country’s largest and fastest-growing national insurance agencies, today announced that it has closed on a new round of financing in support of its aggressive acquisition and organic growth strategy. The additional capital raised represents a significant expansion of Patriot’s existing debt facility. The raise is co-led by existing lenders Barings Global Private Finance and Antares Capital LP, and also includes new participant Morgan Stanley Private Credit.

Based in Fort Washington, PA, Patriot was founded in January 2019 by CEO Matt Gardner, a 30-year veteran of the insurance distribution industry. The Company has differentiated itself in a crowded, competitive field through its highly autonomous operating model, a laser focus on partnering with high-growth, well-run agencies, and a commitment to fostering thoughtful collaboration amongst members of the Patriot network across the United States. Over the course of its first two years, Patriot has completed 44 agency partnerships, driven top-of-the-table organic growth, and established a broad national footprint spanning 19 states.

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